Curaleaf Reports Record Q4 Revenue Of $345M, Narrows Loss On Higher Sales, Growing Market Share
Portfolio Pulse from Maureen Meehan
Curaleaf Holdings, Inc. (CURLF) reported a record Q4 revenue of $345 million, a slight year-over-year increase from $340.2 million. The company narrowed its net loss to $57.7 million, down from a larger loss in the previous year, and saw an adjusted EBITDA of $83 million. The positive results were attributed to disciplined teamwork and growth in key markets such as Arizona, Florida, New York, and Pennsylvania. For the full year, Curaleaf achieved a net revenue of $1.35 billion, a 6% increase from the previous year, with a net loss of $281.2 million.
March 06, 2024 | 10:36 pm
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Curaleaf Holdings, Inc. reported a record Q4 revenue and a narrowed net loss, showing strong performance and growth in key markets.
The record Q4 revenue and narrowed net loss indicate a positive financial trajectory for Curaleaf, likely leading to increased investor confidence and potentially a positive short-term impact on the stock price. The company's growth in key markets and the achievement of over $1 billion in U.S. retail business are significant milestones that underscore its market leadership and operational success.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100